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Rewiring Business Firms through an Entrepreneurial-Oriented Strategy Making

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Author Info
R. LAMADRID ()
A. HEENE ()
X. GELLYNCK ()
Abstract

Strategic entrepreneurship which merges strategic management and entrepreneurship is an essential formula for a good business. An entrepreneurial mindset (opportunity seeking) augurs well for effective strategy making (advantage seeking) to caution against uncertainty. Hence, companies must align their business along strategic entrepreneurship. Companies can sustain their business by plotting a strategy making that pays off on their entrepreneurial orientation. This research aims to provide answer to such by looking at strategy making along 5Ps: plan, position, pattern, perspective and ploy and mapping them out with the dimensions of entrepreneurial orientation to wit: innovativeness, proactiveness, risk taking, competitive aggressiveness, and autonomy. Thereby, propositions of relational constructs that stand on a firm grounding of literature are presented.

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Paper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 08/499.

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Length: 34 pages
Date of creation: Jan 2008
Date of revision:
Handle: RePEc:rug:rugwps:08/499

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  1. Kisfalvi, Veronika, 2002. "The entrepreneur's character, life issues, and strategy making: A field study," Journal of Business Venturing, Elsevier, vol. 17(5), pages 489-518, September. [Downloadable!] (restricted)
  2. Knight, Gary A., 1997. "Cross-cultural reliability and validity of a scale to measure firm entrepreneurial orientation," Journal of Business Venturing, Elsevier, vol. 12(3), pages 213-225, May. [Downloadable!] (restricted)
  3. Lumpkin, G. T. & Dess, Gregory G., 2001. "Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle," Journal of Business Venturing, Elsevier, vol. 16(5), pages 429-451, September. [Downloadable!] (restricted)
  4. Morgan, Robert E. & Strong, Carolyn A., 2003. "Business performance and dimensions of strategic orientation," Journal of Business Research, Elsevier, vol. 56(3), pages 163-176, March. [Downloadable!] (restricted)
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This page was last updated on 2008-9-16.


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